U.S. non farm payroll showed another strong result as 257K jobs were added in January, according to recent report of the Bureau of Labor Statistics. Market expectations and the ADP report were at 236K and 213K, respectively, for January. According…
Gold and silver took a tumble last week. The FOMC meeting didn’t have any big announcements but the bullion market reacted with a sharp fall in gold and silver the next day. On Friday, however, the GDP report was released…
Last week continued the high volatility following the recent FOMC policy meeting and US’s GDP fourth quarter release. This week is also entails important financial reports from the US most notably the non-farm payroll, manufacturing PMI, PCE, and factory orders…
The Greek elections from the weekend could bring the Greeks one step closer to exit the EU, which may stir up the markets mainly the Euro. The result of the recent QE program announcement of ECB and BOC’s rate cut…
The highly anticipated Greek elections will be held on Sunday and could set the pace for this week in the markets. In the U.S. several economic reports will be released including: first estimate of GDP for Q4, FOMC meeting statement,…
The big news from the Swiss National Bank to stop pegging its currency to the Euro has shocked the foreign exchange markets. Some analysts have also linked this move to the recent recovery of gold including SPDR Gold Trust (GLD).…
The big news from SNB eclipsed all other news items from last week as the Swiss franc sharply rose against leading currencies including the Euro and U.S. dollar. This news may have also provided additional backwind for commodities such as…
Our weekly podcast came just in time after the shocking removal of the EUR/CHF floor. We begin with this and move on the very correlated upcoming event: the upcoming ECB meeting in which QE is on the cards. We then…
SPDR Gold Trust (GLD) started off 2015 with a 3% gain, which basically erased the losses incurred in the last three week of 2014. The recent recovery in the price of gold was partly related to the depreciation of the…
Gold and silver kicked off the year on a positive note as both precious metals rallied during last week. The release of the minutes of the FOMC meeting from December didn’t seem to have a strong adverse impact on bullion…